Marlin completed its initial public offering onJuly 31, 2013. In connection with the offering, Marlin's sponsorNuDevco Partners, LLCand its affiliates conveyed to thePartnership Marlin Midstream, LLC, a midstream energy company offering natural gas gathering, processing and transportation services, andMarlin Logistics, LLC, a crude oil logistics company offering crude oil transloading services. As such, Marlin's historical condensed combined financial statements prior to the IPO are attributable to its predecessorsMarlin Midstream, LLCandMarlin Logistics, LLC. Following the closing of the IPO, Marlin entered into additional fee-based commercial agreements with an affiliate of its sponsor,Associated Energy Services, LP("AES"), all of which include minimum volume commitments and annual inflation adjustments.

Second Quarter 2013 Financial Results

For the second quarter endedJune 30, 2013, Marlin reported gross margin of$7.6 million, an increase of 46%, compared to gross margin of$5.2 million, for the second quarter of 2012. The gross margin increase is attributable to increased throughput under fixed fee contracts and the completion of the 11-mile Oak Hill Lateral pipeline. Post-IPO, the vast majority of gross margin will be generated under fee-based, minimum volume commitment commercial agreements.

Net loss decreased to$1.2 millionfor the second quarter of 2013, compared to net loss of$3.1 millionfor the second quarter of 2012. Adjusted EBITDA totaled$2.3 million, compared to adjusted EBITDA of$1,000for the second quarter of 2012.

"We appreciate the strong support we received from our new unitholders that contributed to our successful, oversubscribed initial public offering in July," said Chairman and CEOW. Keith Maxwell, III."We have established an incentivized sponsorship structure, with a management ownership stake of 61%, that is closely aligned with investor interests. Proceeds from the offering were used to repay existing debt, and we now have among the lowest leverage ratios of any MLP in the industry. Our financial flexibility will enable us to execute our growth and value creation strategies through attractive dropdowns from our sponsor and multiple other growth opportunities.

"During the second quarter, which ended prior to our IPO, we delivered strong gross margin performance reflecting the strategic intention to de-risk our business by focusing on a fee-based cash flow strategy,"Mr. Maxwellcontinued. "We expect this trend to continue as the minimum volume commitments under our commercial agreements drive substantially all of our gross margin going forward. Additionally, the second quarter does not include the impact of key material contracts with our affiliates established at the close of the IPO. Combined, our fee-based commercial agreements for gathering, processing and transloading will drive fixed-fee cash flow with limited commodity exposure for distribution to our unitholders."

Quarterly Distributions

Marlin's partnership agreement provides for a minimum quarterly distribution of$0.35per unit for each whole quarter, or$1.40per unit on an annualized basis. Quarterly distributions will commence following the third quarter endingSeptember 30, 2013, which will represent the first partial quarter of distributable cash flow subsequent to Marlin's IPO onJuly 31, 2013. Marlin targets a total coverage ratio of 1.10x to support distributions.

Capital Expenditures

For the six months endedJune 30, 2013and 2012, Marlin incurred a total of$1.0 millionand$1.3 million, respectively, for maintenance capital expenditures and incurred a total of$8.3 millionand$4.6 million, respectively, for expansion capital expenditures.

Subsequent Events

Credit Facility

OnJuly 31, 2013concurrently with the closing of the IPO, the Partnership entered into a new$50.0 millionsenior secured revolving credit facility which matures onJuly 31, 2017. If no event of default occurs, the Partnership has the right, subject to approval by the administrative agent and certain lenders, to increase the borrowing capacity under the new revolving credit facility to up to$150.0 million. The new revolving credit facility is available to fund expansions, acquisitions and working capital requirements for operations and general corporate purposes. As noted above, Marlin drew down$25.0 millionon the new credit facility simultaneously with the closing of the IPO.

New Contracts

At the closing of the IPO, the Partnership entered into key material contracts which will be reflected in the Partnership's financial results beginning with the quarter endingSeptember 30, 2013:

A three-year fee-based gathering and processing agreement with AES at thePanola Countyprocessing facilities. Under this agreement, AES will pay a fixed fee per Mcf (subject to an annual inflation adjustment) for gathering, treating, compression and processing services and a per gallon fixed fee for NGL transportation services. The agreement will provide for a minimum volume commitment of 80 MMcf/d that, at the option of AES and subject to available capacity at thePanolafacilities, may be increased to 100 MMcf/d.

Three, three-year fee-based transloading services agreements with AES at the Wildcat and Big Horn facilities. Under these agreements, AES will pay a fixed fee per barrel. The agreements will provide for a minimum volume commitment of 15,160 Bbls/d at the Wildcat facility and 11,390 Bbls/d at the Big Horn facility.

Interested parties can listen to a live webcast of the call from the Events & Presentations page of the Marlin Investor Relations website athttp://investor.marlinmidstream.com/events.cfm. An archived replay of the webcast will be available for 12 months following the live presentation.

The call can be accessed live over the telephone by dialing 1-877-941-0844, or 1-480-629-9692 for international callers. The passcode for the call is 4637456. A telephonic replay of the call will also be available throughSeptember 12, 2013and can be accessed by dialing 1-800-406-7325, or 1-303-590-3030 for international callers, with conference ID number 4637456.

This press release may contain forward-looking statements concerningMarlin'soperations, economic performance and financial condition. These statements can be identified by the use of forward-looking terminology including "may," "will," "believe," "expect," "anticipate," "estimate," "continue," or other similar words. These statements discuss future expectations, contain projections of results of operations or financial condition or include other "forward-looking" information. AlthoughMarlinbelieves that the expectations reflected in such forward-looking statements are reasonable, the Partnership can give no assurance that such expectations will be realized.

These forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from expectations include, but are not limited to, the following risks and uncertainties:

the volume of natural gas we gather and process and the volume of NGLs we transport;

the volume of crude oil that we transload;

the level of production of crude oil and natural gas and the resultant market prices of crude oil, natural gas and NGLs;

the level of competition from other midstream natural gas companies and crude oil logistics companies in our geographic markets;

capacity charges and volumetric fees that we pay for NGL fractionation services;

realized pricing impacts on our revenues and expenses that are directly subject to commodity price exposure;

damage to pipelines, facilities, plants, related equipment and surrounding properties caused by hurricanes, earthquakes, floods, fires, severe weather, explosions and other natural disasters and acts of terrorism including damage to third party pipelines or facilities upon which we rely for transportation services;

outages at the processing or fractionation facilities owned by us or third parties caused by mechanical failure and maintenance, construction and other similar activities;

leaks or accidental releases of products or other materials into the environment, whether as a result of human error or otherwise;

the level of our general and administrative expenses, including reimbursements to our general partner and its affiliates for services provided to us;

our debt service requirements and other liabilities;

fluctuations in our working capital needs;

our ability to borrow funds and access capital markets;

restrictions contained in our debt agreements;

the amount of cash reserves established by our general partner;

other business risks affecting our cash levels; and

other factors discussed below and elsewhere in "Risk Factors" in our Prospectus.

Such risks and uncertainties could cause actual results to differ materially from those contained in any forward-looking statement. Except as required by law,Marlinundertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Gross Margin, Adjusted EBITDA and Distributable Cash Flow

Marlinuses gross margin, or revenues less cost of revenues, as the primary performance measure. Gross margin represents our profitability without regard to commodity sales and purchases, which we believe are not significant components of our operations.Marlinalso uses adjusted EBITDA to analyze its performance and defines it as net income (loss) before interest expense (net of amounts capitalized) or interest income, state franchise tax, depreciation expense and any gain/loss from interest rate derivatives. AlthoughMarlinhas not quantified distributable cash flow on a historical basis, after the closing of the IPO Marlin intends to compute and present this measure, defined as adjusted EBITDA plus interest income, less cash paid for interest expense and maintenance capital expenditures.

the ability ofMarlin'sassets to generate earnings sufficient to support the decision to make cash distributions to the unitholders and general partner;

the ability to fund capital expenditures and incur and service debt;

Marlin'soperating performance and return on capital as compared to those of other companies in the midstream energy sector, without regard to financing or capital structure; and

the attractiveness of capital projects and acquisitions and the overall rates of return on alternative investment opportunities.

Marlin'spartnership agreement requires that, within 45 days after the end of each quarter, beginning with the quarter endingSeptember 30, 2013, all ofMarlin'savailable cash be distributed to unitholders of record on the applicable record date. Marlin's cash distribution for the period from the completion of the IPO throughSeptember 30, 2013will be adjusted based on the actual length of the period.

Note Regarding Non-GAAP Financial Measures

Gross margin and adjusted EBITDA are not financial measures presented in accordance with GAAP.Marlinbelieves that the presentation of these non-GAAP financial measures will provide useful information to investors in assessingMarlin'sfinancial condition and results of operations. The GAAP measure most directly comparable to gross margin is operating income. The GAAP measure most directly comparable to adjusted EBITDA is net income. These measures should not be considered as an alternative to operating income, net income, or any other measure of financial performance presented in accordance with GAAP. Each of these non-GAAP financial measures has important limitations as an analytical tool because it excludes some but not all items that affect net income. You should not consider these non-GAAP financial measures in isolation or as a substitute for analysis ofMarlin'sresults as reported under GAAP. Additionally, because each of these non-GAAP financial measures may be defined differently by other companies in the industry,Marlin'sdefinition of them may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.